Man Group has reported net inflows of £301m for the three months to the end of September, despite having had investors withdraw a £1.6bn infrastructure investment mandate during the period.
The loss of the infrastructure mandate was announced in August at the time of the company’s half yearly results, and Man Group said it was a "very low margin" product.
The company had assets under management of £86bn at the end of September, with investment performance contributing £678m, but with the negative foreign exchange movements costing £528m.
Man Group said it expected to raise £98m from the sale of its 18.5 per cent stake in Nephila, an investment management business that specialises in reinsurance risk.
Nephila is in the process of being acquired by Markel in a transaction that is expected to be completed in the fourth quarter of 2018.
Man Group also announced that as part of a corporate restructuring it would create a new holding company registered in Jersey because of the growth of the business in the US.
The company said this would not impact the number of staff it employs in London.
Man Group chief executive Luke Ellis said: "We saw continuing inflows into our alternative risk premia strategies and strong flows into our systematic equity strategies.
"Investment performance in the quarter was mixed with strong absolute and relative performance in our momentum and discretionary long only strategies but weaker relative performance in our discretionary alternative and systematic equity strategies."